Naviter Wealth LLC Acquires 37,758 Shares of Goldman Sachs BDC, Inc. $GSBD

Naviter Wealth LLC increased its holdings in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 25.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,208 shares of the financial services provider’s stock after buying an additional 37,758 shares during the period. Naviter Wealth LLC owned 0.16% of Goldman Sachs BDC worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GSBD. Stiles Financial Services Inc increased its stake in Goldman Sachs BDC by 165.4% during the 1st quarter. Stiles Financial Services Inc now owns 84,083 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 52,406 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Goldman Sachs BDC by 24.6% in the first quarter. Envestnet Asset Management Inc. now owns 125,142 shares of the financial services provider’s stock worth $1,455,000 after purchasing an additional 24,687 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Goldman Sachs BDC by 7.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,070 shares of the financial services provider’s stock worth $4,862,000 after purchasing an additional 30,172 shares during the period. Meridian Wealth Management LLC raised its stake in Goldman Sachs BDC by 12.5% in the first quarter. Meridian Wealth Management LLC now owns 313,291 shares of the financial services provider’s stock valued at $3,644,000 after purchasing an additional 34,833 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Goldman Sachs BDC by 30.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 39,538 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 9,182 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Goldman Sachs BDC in a report on Wednesday, October 8th. Zacks Research cut shares of Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Sell” and an average price target of $10.00.

Insider Activity

In other Goldman Sachs BDC news, CEO Vivek Bantwal acquired 22,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average price of $11.36 per share, for a total transaction of $249,920.00. Following the acquisition, the chief executive officer directly owned 22,000 shares in the company, valued at $249,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Goldman Sachs BDC Stock Performance

NYSE GSBD opened at $9.89 on Tuesday. The firm’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.11. The stock has a market cap of $1.13 billion, a PE ratio of 7.85 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.50 and a current ratio of 1.50. Goldman Sachs BDC, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $13.80.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $90.97 million for the quarter, compared to analyst estimates of $94.55 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. On average, equities analysts expect that Goldman Sachs BDC, Inc. will post 2.19 EPS for the current fiscal year.

Goldman Sachs BDC Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Goldman Sachs BDC’s payout ratio is 101.59%.

Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.